The price-to-earnings ratio for Noble Corp Plc (NYSE: NE) is above average at 9.28x, Company’s 36-month beta value is 1.00.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for NE is 125.55M, and currently, short sellers hold a 7.92% ratio of that floaft. The average trading volume of NE on February 12, 2025 was 1.62M shares.
NE) stock’s latest price update
The stock of Noble Corp Plc (NYSE: NE) has decreased by -0.35 when compared to last closing price of 31.83. Despite this, the company has experienced a -2.25% fall in its stock price over the last five trading sessions. zacks.com reported 2025-02-10 that Noble Corporation PLC (NE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NE’s Market Performance
Noble Corp Plc (NE) has seen a -2.25% fall in stock performance for the week, with a -2.73% decline in the past month and a -10.14% plunge in the past quarter. The volatility ratio for the week is 3.32%, and the volatility levels for the past 30 days are at 3.03% for NE. The simple moving average for the past 20 days is -2.86% for NE’s stock, with a -16.77% simple moving average for the past 200 days.
Analysts’ Opinion of NE
Many brokerage firms have already submitted their reports for NE stocks, with Evercore ISI repeating the rating for NE by listing it as a “In-line.” The predicted price for NE in the upcoming period, according to Evercore ISI is $41 based on the research report published on January 15, 2025 of the current year 2025.
JP Morgan, on the other hand, stated in their research note that they expect to see NE reach a price target of $37. The rating they have provided for NE stocks is “Neutral” according to the report published on December 06th, 2024.
NE Trading at -1.15% from the 50-Day Moving Average
After a stumble in the market that brought NE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.18% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 3.32%, as shares sank -3.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.57% lower at present.
During the last 5 trading sessions, NE fell by -2.25%, which changed the moving average for the period of 200-days by -31.12% in comparison to the 20-day moving average, which settled at $32.65. In addition, Noble Corp Plc saw 1.02% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NE starting from Kawaja Joey M, who sale 1,435 shares at the price of $31.47 back on Feb 03 ’25. After this action, Kawaja Joey M now owns 113,464 shares of Noble Corp Plc, valued at $45,159 using the latest closing price.
Barker Richard B., the EVP and CFO of Noble Corp Plc, sale 22,813 shares at $32.40 during a trade that took place back on Jan 30 ’25, which means that Barker Richard B. is holding 281,022 shares at $739,141 based on the most recent closing price.
Stock Fundamentals for NE
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.28 for the gross margin
The net margin for Noble Corp Plc stands at 0.18. The total capital return value is set at 0.08. Equity return is now at value 11.77, with 7.54 for asset returns.
Based on Noble Corp Plc (NE), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 6.77.
Currently, EBITDA for the company is 765.95 million with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 2.41. The receivables turnover for the company is 3.69for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
In a nutshell, Noble Corp Plc (NE) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
